112-116 Fabyan Pl - 112-116 Fabyan Pl 0.17 Acres of Commercial Land Offered at $786,427 CAD in Newark, NJ 07112

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a multi-family development site located at 112-116 Fabyan Place in Newark, New Jersey (“the Property”). The offering is for a vacant parcel of land comprising 0.17-acres of developable land (7,408 square feet). The Property is approved for the development of a three-story, eleven (11) unit multi-family building with covered parking for eight (8) vehicles. The Property offers the opportunity to acquire a fully approved development opportunity in an exceptional, urban-infill location. The subject property is ideal for a potential buyer looking for a project with income growth and strong investment returns. The Property is located at the signalized intersection of Fabyan Place and Nye Avenue in Newark’s Upper Clinton Hill neighborhood on the outskirts of Newark’s Central Business District. The Property is located along the municipal bus line and is close to area train stations. The Property also enjoys convenient access to several area colleges, Newark Beth Isreal Medical Center and numerous area retailers and restaurants. The building benefits from close proximity to the ports of New York and New Jersey and Newark Liberty International Airport. The Property has convenient access to major roadways with direct access to Manhattan, Staten Island, and all of New Jersey. Newark is a suburb of New York City and is the county seat of Essex County within the New York metropolitan area. The densely populated area is 11-miles southwest of New York City.